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We are facing an inflation situation in our country. But locally, we only use Home Currency (MMK), and every expense is paid in MMK. We purchased the item from another country in USD, and we want to store Inventory Value in USD, but we still want to pay for employee salary, and other expenses in MMK. The reason is when we quote to the client, we want to convert inventory items USD into up-to-date MMK exchange rate, but still our expense will be recorded in MMK. Now we use home currency MMK, and when we quote to client or issue the invoice, we have to change price manually base on up-to-date MMK rate. If you have a better solution for the inflation situation, please let us know, how can we record the Inventory value in USD, not home currency USD. Thanks!
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